Elon Musk, the founder and CEO of Twitter, delivered his first email to the company’s employees on Wednesday, warning them of “tough times ahead” and terminating the option to work remotely.
According to a Bloomberg News story, Musk cautioned in his email that a “weaker economic situation” in the United States meant there would be issues for Twitter. Musk sold $3.95 billion worth of Tesla shares after finalising the $44 billion transaction for Twitter.
Analysts have forecast that advertising spending will increase more slowly in 2023, which might be bad news for Twitter since advertising generates the majority of the company’s revenue.
